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Jan 20, 2012, 10.59 PM IST
India's largest lead acid storage battery manufacturer Exide Industries' profit after tax doubled to Rs 104 crore in the third quarter of financial year 2011-12 as against Rs 51 crore in previous quarter.
Revenues jumped 7% to Rs 1,250 crore from Rs 1,176 crore quarter-on-quarter and operating profit margin improved to 13.9% versus 7.7% during the same period. Results were better than expectations: CNBC-TV18 had expected net profit of Rs 90 crore, revenues at Rs 1200 crore and operating profit margin of 11%. On year-on-year basis, the company's revenues moved up 19%, but operating profit margin grew at 13.9% and PAT fell 16%.
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